475 / 488
direct vs. indirect method, 39–
4 1,43-45
disclosures, 42-43
extracts from published
financial statements, 46-49
financing activities, 38-3 9
foreign currency cash flows, 42
futures, forward contracts,
options, and swaps, 42
gross basis vs. net basis
reporting, 4 1-42
investing activities, 38
noncash transactions, 39
operating activities, 38
presentation of, 37
reconciliation of cash and cash
equivalents, 42
scope of standard, 35
Cash-generating units, 308-310
defined, 304
recoverable amount of, 304-
306
Cash inflows, 38
Cash outflows, 38, 39
Cash-settled sha re-base d
tran saction s, 384-385
Changes in accounting
estimat es, 51, 55-57
Changes in accounting polici es,
53-55
applying, 53-54
disclosure of, 55
for exploration and evaluation
of mineral resources,
44 1
factors governing, 53
for insurance contracts, 422
Changes in equity, sta tement of,
24
Chan ges in estimates, for
construction contract s, 70
Changes
ill
Existing
Decommissioning, Restoration
and Similar Liabilities
(IFRIC
1),6
for lAS 37, 324
for property, plant, and
equipment, 11 2-11 3
Changes of amounts, in interim
financial reports, 301
Chile, IFRS adoption by, 1
Claims:
in construction contracts, 68,
69
defined, 67
Close family members, 177-179
Closing rate, 159
Collateral, on balance sheet,
451
Combining construction
contracts, 68
Index
Comparability of financial
statements, 10
Comparative information, 16
Compensation:
defined, 177
in related-party transactions,
180, 181
Complianc e with IFRS, 14-15
Compound financial
instruments:
for first-time IFRS adopters,
369
with multiple embedded
derivatives on, 45
I
split accounting for, 226-228
Comprehensive income,
statement of, 24
Conc eptual fr amework,
see
Fram ework f or the Preparation
and Presentation of Finan cial
Statements
Concessions, in insurance
contracts, 422
Consistency:
of accounting policies, 52
of presentation, 10, 16
Consolidated and Separate
Financial Statements
(lAS 27),
4,193-199
accounting procedures, 194–
195
amendments to, 197-198
consolidated statements, 193-
194
definitions, 193
disclosures, 195- 197
extracts from published
financial statements, 198-1 99
presentation of financial
statements, 193
proposed amendment to, 7
scope of standard, 193
Consolidated financial
sta tements :
accounting procedures for,
194-195
defined, 193
derecognition requirements for,
247
disclosures for, 195-1 97
temporary differences from,
80-8 1
Consolidation-s-Special-Purpose
Entitie s
(SIC 12),4, 197
Con straints, in financial
statement preparation, 10
Construction Contracts
(l AS
11),3,67-75
combining and segmenting
contracts, 67-68
463
contract costs, 69
contract revenue, 68-69
cost-plus contract, 70
definitions, 67
disclosures, 72- 75
fixed cost contract, 70
IFRIC 12,72
percentage of completion
method, 70-7 1
recognition of contract revenue
and expenses, 69-70
Constructive obligations, 223,
318
Contingent (possible) assets,
324,325
defined, 318
disclosures of, 325
Contingent liabilities, 323-324
defined, 317-3 18
disclosure of, 323-324
Contingently issuable ordinary
shares, 290, 293
Contract costs, for construction
contracts, 69
Contract revenu e, for
construction contracts, 68-69
Contract work in progress,
71
Control, 193, 194, 197,402
defined, 177, 193, 215, 402
of intangible assets, 331
joint, 2 15
loss of, 198
Convertible bonds, 269-270
Core Sta nda r ds Work
Program, 3
Corporate assets, imp airment
of, 310-311
Corridor approach (actua rial
gainsllosses), 144, 146
Cost(s):
acquisition-related, 404, 410
amortized, 254-257
of asset, measurement of, 110-
I II
of borrowing, 4, 170-1 74
of conversion of inventory , 28
defined, 108, 33 1
of intangible assets, 332
of inventories, 28-29
measurement at, 252-254
measurement of, 29
of purchase, 28
for Web site development, 4,
336
Costa Rica, IFRS adoption by,
1
Cost formulas, for inventories,
29-31
Cost model (assets), 111,347–
350